Start-Ups

Do You Need Grant To Start New Business?

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Executive Summary

Do you need grant to start new business? The first thing is to recognize that you are not likely to get federal grants for starting your business. What you can get on the federal level are loans for starting or expanding a small business, which differ from grants in that you are expected to repay the value of a loan. You are more likely to find grants at the state level, since the federal government often passes funds to the state for this purpose. Every state has an economic development agency of some sort to encourage entrepreneurs.

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